/biz/ - Business & Finance

>>25607336
I bought some weanling horses a few weeks ago. Do you like them?

>>24662323
I buy them at auction or privately when they're younger, mostly deal in foals, and sell them on at a later date, usually as one year olds or yearlings as we call them. We call it pinhooking in Kentucky. These are thoroughbreds bred for racing. I try picking ones that are correct with decent pedigrees but maybe a bit weak that may get overlooked at the foal auctions and try to get a bit more muscle on them at the farm. They get a bit of vet work and training and minding too. Costs about $12,000 to get them ready for the next sale and I usually go in with 3 other partners on each foal to split costs and lower risk. Purchase price ranges between $15,000 to $50,000 per foal but its auction. Can make a lot of money on them or lose your ass completely because the fuckers get bone issues or don't grow and sometimes you buy one for $30,000 it costs $10,000 to look after and ends up making $5,000 at auction which happened on one this year.
I've made money on them overall fortunately.
Pic related 3 foals I bought recently.